USDCAD Reversal

USDCAD is dancing around nicely now on the 0.5 fib from the Sep-Oct up move. A reversal here would follow the pattern of the 0.5 reversal from the down move in May-Sep. This presents a nice long opportunity up to the May-Dec high line at 1.28.

Kommentar:
After dropping to the 0.618 fib it has provided another buying opportunity to 1.26 and beyond. Long still active unless it breaks below recent low of 1.2360